Page:United States Statutes at Large Volume 61 Part 3.djvu/1037

 PERU-FOOD PRODUCTION D e c n 4, 1946 Jan.29, 1947 3329 4. The cooperative food production program shall be financed by the parties during the extended period comprehended by this Agree- ment, as follows: A. The Institute shall deposit to the account of the SCIPA the sum of Seventy-five Thousand ($75,000.00) Dollars (being the equivalent of S/. 486,375 (Peruvian Soles) at the conversion rate of S/. 6.485 per U. S. dollar) on the following dates and in the following amounts: January 1, 1947 February 1, 1947 March 1, 1947 April 1, 1947 May 1, 1947 June 1, 1947 July 1, 1947 August 1, 1947 September 1, 1947 October 1, 1947 November 1, 1947 December 1, 1947 January 1, 1948 February 1, 1948 March 1, 1948 April 1, 1948 May 1, 1948 June 1, 1948 Financing of pro- gram. Deposits by Insti- tute. Dollars 4, 200. 00 4, 200. 00 4, 200. 00 4, 200. 00 4, 200. 00 4, 200. 00 4. 200. 00 4, 200. 00 4, 200. 00 4, 200. 00 4, 200. 00 4, 200. 00 4, 200. 00 4, 200. 00 4, 200. 00 4, 200. 00 4, 200. 00 3, 600. 00 US $75, 000. 00 B. In view of the fact that many purchases of materials, supplies and equipment and other disbursements relating to the execution of the program will be made in the United States of America, the Institute may withhold from the deposits called for by subsection A of Article 4 the estimated amounts deemed to be necessary to pay for such purchase and disbursements. Any funds so withheld by the Institute for such purposes shall be considered as if deposited under the terms of subsection A hereof but, if they are not expended or obligated for such purposes, they shall be deposited to the order of the SCIPA at any time upon the mutual agreement of the Minister of Agriculture and the Chief of the Food Supply Mission of the Institute in Peru. C. In addition to the contribution of the Institute mentioned in subsection A hereof, the Institute will make available during the period of this extension for the cooperative program the funds neces- sary to pay the salaries, living expenses, travel and transportation costs and other administrative expenses of the members of the Food Supply Mission of the Institute in Peru. It is understood that this sum will not exceed Two Hundred and Twenty-five Thousand ($225,000.00) Dollars. These funds will not be deposited to the account of the SCIPA but will be administered by the Chief of the Food Supply Mission of the Institute in Peru for the purposes stated and in the interest of the general cooperative program of food produc- tion and agricultural development in Peru. Funds withheld for purchases in U. S. Availability of funds for administra- tive expenses. 61 STAT.]

�